USDJPY Retests a Bullish Order-Block

Service for copy trading.

High profitable signals.

24/7 cryptocurrency trading.

10 minute setup with significant benefits.

79% Success rate.

Up to 40 trades per month.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Market Analysis – April 7

The USDJPY price failed to fly above the resistance level of 138.0. The market has retraced back to the bullish order block resting at the support level of 130.0.

USDJPY Key Levels

Demand Levels: 130.0, 127.0, 121.0
Supply Levels: 138.0, 142.0, 150.0

USDJPY Long-term trend: Ranging

The USDJPY market direction turned bearish in October after a shift in the market structure below 150.0. The bearish displacement on the 10th of November invalidated the bullish order block. After a pullback to the 142.0 supply level, the market paddled through a bearish channel. The buyers utilized the 130.0 demand level for a Change of Character (ChoCh). The market rose steadily to the resistance level of 138.0.

Upon arrival at the resistance level, the Stochastic indicated the market was overbought. The upper Bollinger Band resisted the bullish ascent. The daily candles eventually dived below the Moving Averages within the Bollinger Band. The market has returned to the demand level of 130.0 after a breakout failure.

USDJPY Short-term Trend: Bearish

A bullish order block has been spotted in the 4-hour timeframe. The market has retraced once again after a launch to test the bullish order block. The buyers are still aiming to bridge the 138.0 resistance level. The multiple tests of the order block at 130.0 are expected to make the demand level weaker. If the support level fails, the market is expected to dive to 127.0.

Do you want to take your trading to the next level? Join the best platform for that here 

• Broker
• Benefits
• Min Deposit
• Score
• Visit Broker

• 20% welcome bonus of upto $10,000
• Minimum deposit $100
• Verify your account before the bonus is credited

$100 Min Deposit

9

Trade Now

• Award-winning Cryptocurrency trading platform
• 14 Cryptoassets available to invest in
• FCA & Cysec regulated

$200 Min Deposit

9.8

Trade Now

Highly volatile unregulated investment products. No EU investor protection.

• Over 100 different financial products
• Invest from as little as $10
• Same-day withdrawal is possible

$250 Min Deposit

9.8

Trade Now

• The Lowest Trading Costs
• 50% Welcome Bonus
• Award-winning 24 Hour Support

$200 Min Deposit

9

Trade Now

• Award-winning Cryptocurrency trading platform
• $100 minimum deposit,
• FCA & Cysec regulated

$100 Min Deposit

9.8

Trade Now

• Fund Moneta Markets account with a minimum of $250
• Opt in using the form to claim your 50% deposit bonus

$250 Min Deposit

9

Trade Now